Van Cleef Asset Management Inc Takes Position in General Dynamics Corporation $GD

Van Cleef Asset Management Inc bought a new position in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 729 shares of the aerospace company’s stock, valued at approximately $213,000.

Several other institutional investors have also added to or reduced their stakes in GD. Marks Group Wealth Management Inc raised its position in General Dynamics by 18.1% during the 1st quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock valued at $8,619,000 after purchasing an additional 4,836 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of General Dynamics by 31.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $1,526,000 after buying an additional 1,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of General Dynamics by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock valued at $126,454,000 after buying an additional 43,885 shares during the period. Seamount Financial Group Inc. bought a new position in shares of General Dynamics during the first quarter valued at approximately $230,000. Finally, Natixis Advisors LLC lifted its stake in General Dynamics by 8.2% in the first quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock worth $73,464,000 after acquiring an additional 20,491 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD opened at $346.58 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The firm’s 50-day simple moving average is $334.45 and its two-hundred day simple moving average is $306.90. The stock has a market cap of $93.62 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GD has been the subject of several research reports. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a report on Monday, October 27th. Sanford C. Bernstein increased their price target on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. UBS Group raised their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Morgan Stanley set a $385.00 target price on General Dynamics in a report on Monday, October 27th. Finally, Bank of America increased their target price on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $350.89.

Insider Buying and Selling

In other news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at $241,325,666.99. The trade was a 14.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 159,370 shares of company stock valued at $50,143,516. 1.50% of the stock is owned by insiders.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.